Why Shares of Olaplex Soared This Week [Yahoo! Finance]
Olaplex Holdings, Inc. (OLPX)
Company Research
Source: Yahoo! Finance
ET on Friday, according to data provided by S&P Global Market Intelligence . Since reporting respectable earnings on Aug. 6, the company's shares have spiked 32%. The primary catalyst for the company's run-up in share price this week seems to be tied to an announcement on Wednesday that executive chairman John Bilbrey bought nearly $400,000 worth of Olaplex stock. While insider purchases are relatively common for most stocks, these were the first open-market buys of Olaplex stock by an insider in over a year, which has the market optimistic about the company's turnaround prospects. Olaplex: Far from a penny stock After going public with a share price above $20 in 2021, Olaplex's current share price of roughly $2.40 more closely resembles that of a penny stock than a potential value investment at first glance. In 2023 alone, sales declined a staggering 35%, with much of this drop coming from its retail customers accumulating too much inventory (and subsequently delaying new purch
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OLPX
News
- Insiders Buying Olaplex Holdings Might Wish They Invested More, Stock Gains 25% [Yahoo! Finance]Yahoo! Finance
- Olaplex Holdings, Inc. (OLPX): Short Sellers Are Buying This Beauty Stock [Yahoo! Finance]Yahoo! Finance
- Repairing Olaplex: 3 Catalysts That Evidence A Turnaround [Seeking Alpha]Seeking Alpha
- The Rise And Significance Of Natural Texture Hairstyles On The Runway [Forbes]Forbes
- Olaplex Holdings, Inc. Announces Participation in the Barclays 17th Annual Global Consumer Staples Conference on September 4th [Financial Post (Toronto, Ontario, Canada)]Financial Post
OLPX
Earnings
- 8/6/24 - In-Line
OLPX
Sec Filings
- 8/29/24 - Form 4/A
- 8/29/24 - Form 4
- 8/29/24 - Form 4
- OLPX's page on the SEC website